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Alibaba Hong Kong Entrepreneurs Fund Amasses US$94M in Investments
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The Alibaba Hong Kong Entrepreneurs Fund (AEF), on its tenth anniversary, has gradually become a key driver in global innovation in the technology sector. To date, AEF's total accumulated investment has climbed to US$94 million, expanding its portfolio from the initial six Hong Kong companies in 2016 to 84 startup projects worldwide. Joseph Tsai, co-founder and chairman of BABA-W (09988.HK)(BABA.US), remarked that the group not only supports the new generation of entrepreneurs but is also committed to creating a sustainable ecosystem that promotes a digital future with real societal value. The group aims to continue transforming innovative ideas into tangible social benefits in the future. AASTOCKS Financial News Website: www.aastocks.com |
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